Regional lender PNC Financial Services, the sixth-largest U.S. bank by assets, reported a stronger-than-expected quarterly profit on Friday as higher Federal Reserve interest rates boosted the bank’s income. Banks in the United States have got a much-needed boost from the Federal Reserve raising interest rates. The Fed has increased rates three times since the second

The bank also said, however, its fixed-income trading revenue fell 22 percent on a year-over-year basis. Third-quarter fixed-income revenue totaled $2.152 billion versus $2.646 billion in the year-earlier period. Bank of America said the slowdown was “driven by less favorable market conditions across credit-related products, as well as lower volatility in rates products.” “This slowly

Domino’s, the biggest U.S. pizza delivery chain, reported slower same-store sales growth in the third quarter, sending its shares down 3 percent in premarket trade. The company’s comp-store sales growth at its own restaurants slumped to 8.4 percent from 13.8 percent a year earlier. Still, it beat the 6.6 percent rise expected by analysts polled

Dimon did not comment specifically on the trading results in Thursday’s press release, but trumpeted the bank’s lead in consumer banking. “For the first time, the Firm led the nation in total U.S. deposits, as consumers and businesses continue to view us as their partner of choice,” Dimon said in a statement. “The global economy

Goldman Sachs could be a winner this earnings season even with weaker revenues, while General Electric could be a loser, with a rare profit miss, according to Morgan Stanley. Morgan Stanley equity strategists picked nine stocks they believe could be near-term movers in the early weeks of earnings season, either due to earnings or other

Costco implemented its annual membership fee increase by $5-$60 for Goldstar and business members, and by $10-$120 for executive memberships in the quarter. Membership fees, which accounted for about 72 percent of Costco’s operating income in 2016, rose 13 percent in the 17-week fourth quarter ended Sept. 3. Excluding the impact of fuel and currency

Yum China‘s quarterly same-store sales beat estimates, driven by strong sales at its KFC restaurants, and the company said its CEO Micky Pant would step down. Joey Wat, currently the company’s chief operating officer, will take over as CEO, Yum China said. Net income rose to $211 million from $192 million in the third quarter

Constellation Brands posted a quarterly profit that beat Wall Street estimates for a ninth straight time and raised its profit outlook, as margins rose on the sale of more premium beers and breweries ran at peak levels in the summer. Shares of the company are up 4 percent at $209 in early trade, hovering near

U.S. seeds and agrochemicals company Monsanto, which is being acquired by Germany’s Bayer, reported a quarterly profit, compared with a year-ago loss, helped by sales of corn and soybean seeds. The world’s largest seed supplier’s shares were up about 1 percent at $120.65 in premarket trading on Wednesday. Monsanto said sales of corn seeds and

PepsiCo reported weaker-than-expected North American beverage sales, as the beverage giant struggled to toe the line between defending its core brands against spending to promote its newer ones. Pepsi also blamed declining store traffic and a colder summer decreasing demand for its historically strong performing Gatorade drinks “This summer, we directed too much of our

Lennar, the No.2 U.S. homebuilder, reported a higher-than-expected quarterly profit on Tuesday as it sold more homes at higher prices. The shares of the company were up 2.7 percent at $54.25 in light premarket trading. Home orders, a key indicator of future revenue, rose 8.4 percent to 7,610 homes in the third quarter ended Aug.

While Olive Garden’s same-store sales grew 1.9 percent in the first quarter, its 12th-consecutive quarter of positive growth, they fell short of Wall Street’s expectation of 2.5 percent, according to StreetAccount. Darden said that Olive Garden’s same-store sales would have been up 2.2 percent if not for Hurricane Harvey. Darden’s Bahama Breeze also saw same-store

General Mills reported a smaller-than-expected quarterly profit, hurt by lower sales of its yogurts and cereals in North America. The Cheerios cereal maker’s shares fell 4.3 percent to $53 in premarket trading on Wednesday. General Mills said its U.S. yogurt sales recorded a double-digit drop as demand for Yoplait Greek and Yoplait Light products remained

Oracle was the worst-performing stock in the S&P 500 on Friday, tumbling more than 6 percent in its worst day in 4 years. The company reported stronger-than-expected earnings on Thursday for the first quarter of its 2018 fiscal year, which ended on August 31. But the stock turned negative after the company gave guidance for

Then-Southwest Airlines CFO Laura Wright said in October 2005 that the company lost between $15 million and $20 million due to the travel shutdowns following Katrina and Rita. Still, the year-over-year figures were not impacted “due to a similar impact from the four hurricanes we had in the third quarter of last year,” she said.

Oracle stock rose by nearly 2 percent in extended trading Thursday immediately after the company reported stronger-than-expected earnings for the first quarter of its 2018 fiscal year, which ended on August 31. But the stock turned negative after the company gave guidance for the next quarter. EPS: Excluding certain items, 62 cents in earnings per

Kroger shares dove Friday after the grocer’s second-quarter profit slid near 8 percent as it slashed prices amid growing competition in the sector. Kroger’s stock was down 7.8 percent Friday morning. Here’s what Kroger reported compared with what Wall Street was expecting, based on a Thomson Reuters survey of analysts: Earnings of 39 cents a

Disney CEO Bog Iger warned profits this year would be similar to last year, sending shares of the media giant and others in the industry tumbling on Wednesday. Iger said the company will report earnings per share this year “roughly in line” with what Disney generated in fiscal year 2016 at the Bank of America

GoPro said Thursday that revenue and gross margin for the third quarter are expected to be at the high end of their previously announced ranges. The struggling action camera maker sees Q3 revenue of $290 million to $310 million and gross margins at 36 to 38 percent. GoPro also forecasts a profitable third quarter on

Canadian yoga and leisure apparel maker Lululemon Athletica reported quarterly profit and sales on Thursday that topped expectations as online sales surged 30 percent thanks to an effort to beef up its e-commerce strategy, and the company raised its outlook. The results helped ease concerns the “athleisure” trend popularized by Lululemon may be cooling. Shares,

Best Buy reported second-quarter earnings and sales on Tuesday that topped analysts’ expectations. Looking ahead, the company has also raised its revenue outlook for the full year and is calling for continued consumer “momentum.” The Minnesota-based retailer said stronger shopper demand for its technology products, such as smartphones and wearable devices, boosted its sales at

Dollar Tree reported better-than-expected quarterly profit and comparable sales, helped by lower costs and discounts as well as a 1 percent rise in same-store sales at its Family Dollar business. Shares of the biggest U.S. dollar-store chain operator rose 9 percent to $81.04 in premarket trading on Thursday after the company raised its profit and

Tiffany reported bigger-than-expected quarterly profit and sales on Thursday, helped in part by higher demand for its fashion and designer jewelry in Japan and lower input costs. Sales at established stores open for more than a year fell 2 percent, steeper than the 1 percent fall expected by analysts polled by research firm Consensus Metrix.

Sears reported a double-digit decline in comparable sales for the second quarter, citing a “retail environment [that] remained challenging, with continued softness in store traffic and elevated price competition.” The department store chain also announced on Thursday that it will be closing an additional 28 Kmart stores this year. This is in addition to the